Sensex snaps 6-day losing run, ends 180 pts up; DMart rallies 10%, ACC 4%
NTPC, Bajaj Finance, Maruti Suzuki, SBI, HDFC, Kotak Bank, M&M, and IndusInd Bank were the top gainers on the Sensex index
Stock market highlights:
Technical View: Rupak De, Senior Technical Analyst at LKP Securities
Nifty continues to consolidate in the narrow range as the benchmark index has failed to give any directional movement. Sideways pattern may continue as long as Nifty stays within a tight band of 15800 and 16000 on a closing basis. A decisive breakout on either side may induce a decent move in the direction of the breakout.
Market view: S Ranganathan, Head of Research at LKP Securities
Autos & Banks helped Benchmark Indices stay in the green today as rising inflation and its impact on discretionary spending kept investors worried. The broader markets witnessed keen interest in companies likely to post good numbers during the first quarter of the current fiscal. Diagnostic & Pathology firms witnessed profit taking ahead of their Q4 earnings on the back of high competitive intensity.
Market view: Vinod Nair, Head of Research at Geojit Financial Services
Continued selling by FIIs as they chase high yield US bonds restricts the Indian market to hold on to its pull-back rally, despite interest from the domestic investors. Weakness in global equities along with the unfavourable global cues led to heavy selling towards the closing hours, as the investors lacked confidence to take forward their positions. The investors are currently on a risk deleveraging phase, hunting for safe-haven investments.
Closing bell: Over 2,200 stocks advanced whereas 1,165 stocks declined
Closing bell: HDFC Bank, Hindustan Copper among stocks that hit 52-week low
Closing bell: Ultratech Cement, Shree Cements, Asian Paints top Nifty 50 losers
Closing bell: Eicher Motors, Apollo Hospitals, UPL top Nifty 50 gainers
Closing bell: Midcaps outshine Smallcaps; India Vix rises above 4%
Sector check :: PSBs lead the rally while IT stocks take a hit
Sensex Heatmap :: Ultratech Cement ends as top Sensex laggard post Adani's takeover of Holcim India biz
CLOSING BELL :: Nifty holds 15,800
CLOSING BELL :: Sensex snaps 6-day losing run
Federal Bank ups MCLR rate by 20 bps across tenures; stock up 2%
Bharat Forge consolidated net profit surges 9.3% to Rs 232 crore in Q4FY22
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 16 2022 | 8:03 AM IST